Sir i am stuck for this question Only question no 2 Question 1: Problem solving (12 Marks) The Production Cost/canister ($) and the Weekly Sales Volume (number of canisters) of

Sir i am stuck for this question Only question no 2 Question 1: Problem solving (12 Marks) The Production Cost/canister ($) and the Weekly Sales Volume (number of canisters) of a
variety of olive oil were recorded in a sample of 6 oil trading companies (table below): Oil Trading Company 1 2 3 4 5 6
Production Cost /canister (33) 62 55 50 82 67 74
Weekly Sales Volume 560 520 600 3 80 450 490 1. Construct a simple regression model to predict the Weekly Sales Volume by
Production Cost/canister. (4 Marks) 2. Find the predicted Weekly Sales Volume on that olive oil variety in an oil trading
company Where the Production Cost is $ SS/canister then $ 9mm (2 Marks) 3. Compute r2 and r for this model, and interpret their values in this case. (4 Marks) 4. Calculate the prediction error for the Weekly Sales Volume of 600 and 450 canisters
based on the regression model constructed previously. (2 Marks) Question 2: Problem solving (10 Marks)
Now with the same data of Question 1, suppose we want to test the significance of the
regression model constructed earlier, by conducting the hypothesis test on whether a
linear relationship exists between the Weekly Sales Volume and the Production Cost
/canister or not.
1. Construct the ANOVA table. (3 Marks)
2. Perform the test at the significance level a = 0.05, then the level a = 0.01. (5 Marks)

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